thread: Confused again - borrowing power and deposits

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  1. #1
    Registered User

    Feb 2006
    AUSTRALIA
    1,263

    It depends on who you go through as well. I know in the past I was really put off by morgage insurance by some banks, and then when another bank spoke through some options, it didnt actually cost that much to have the MI in the first place. So it really does pay to speak to a few people or even a REALLY good broker. I know people who have been heartbroken over dream houses, when with paying only a little MI, they would have been able to borrow the small amount to get the home.

    Hope you find your dream home soon

  2. #2
    2013 BellyBelly RAK Recipient.

    May 2007
    Brisbane
    5,310

    Have you been there in a while? Everything is so built up, so many new houses being built, only a few older houses on the side streets are still there.

    There are some areas that are very cheap, but Cab Sth is NOT somewhere I would raise children so we have to look a bit more expensive. Then general rule of Cab is - when the house prices go above $260,000, the area is generally alright

    I'm thinking Lower Morayfield/Upper Caboolture. Bellmere. Some parts of Tullawong. Even the outer subrubs like Moodlu, Elimbah, and Ningi.

  3. #3
    Registered User

    Sep 2007
    Brisbane
    5,729

    Have you been there in a while? Everything is so built up, so many new houses being built, only a few older houses on the side streets are still there.

    There are some areas that are very cheap, but Cab Sth is NOT somewhere I would raise children so we have to look a bit more expensive. Then general rule of Cab is - when the house prices go above $260,000, the area is generally alright

    I'm thinking Lower Morayfield/Upper Caboolture. Bellmere. Some parts of Tullawong. Even the outer subrubs like Moodlu, Elimbah, and Ningi.
    Upper Cab, tullawong area, Elimbah, Bellmere were all areas we looked at. Moodlu is really pretty!

    Cab South is definitely a no no, I don't feel safe out there.

    Have fun hunting we have a great Real Estate agent out there so when you get closer to buying I will pass his details on (and the details of someone you NEVER EVER want to have to speak to, EVER). *shudders*